£169,542
This estimated value is based upon the latest sale price for the house of £140,000 on 29 Jun 2020. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £140,000 | 29 Jun 2020 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 sq feet |
This model uses changes in the Official Land Registry House Price Index for SHROPSHIRE to estimate the market value.
When this house was purchased in June 2020 the House Price Index for SHROPSHIRE was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £140,000 results in an estimated price of approximately £169,542.
| 29 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £140,000 | £29,542 | £169,542 |
The Postcode Pricing Model uses changes in average sales price within the WV15 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 164.706 % | £230,588 | £370,588 |
| 3 Month Average | 125.656 % | £175,917 | £315,917 |
| 6 Month Average | 27.283 % | £38,196 | £178,196 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £147,582 | £145,000 | 8 ST NICHOLAS ROAD |
| 10 Nov 2023 | £188,795 | £186,000 | 6 ST NICHOLAS CRESCENT |
| 6 Jul 2023 | £192,592 | £190,000 | 66 LODGE LANE |
| 1 Feb 2023 | £169,886 | £170,000 | 17 PRIORY ROAD |
| 21 Jul 2022 | £215,580 | £215,000 | 2 ST NICHOLAS CRESCENT |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 9 Jul 2019. Using an estimated price of £169,542 means this house is valued at £1,803 per sq meter (£167 per sq foot).
The average size of a house on MORFE ROAD is 92 sq meters (993 sq feet).
This house is the largest in the street with a floor area of 94 sq meters (1,011 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lodge Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodge Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Supermarket |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Supermarket |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Supermarket |